[Citibank: Raises South Korea's Economic Growth Forecast, Chip Boom Expected to Support Expansion Until 2028] BlockBeats News, September 30, Citigroup economist Jin Jinwook stated that despite a temporary slowdown in industrial production in August, South Korea's economic growth rate is expected to surpass previous forecasts. He noted that automobile production was briefly disrupted in August due to labor strikes and summer holidays, but the industry has shown recovery in September. Jin Jinwook raised South Korea's 2026 GDP growth forecast by 0.1 percentage points to 3.8% and increased the 2027 forecast by 0.2 percentage points to 3.3%. He explained that the upward revision is primarily based on the recovery of the automobile industry and the strong overall performance of the manufacturing sector driven by the semiconductor boom. Citibank predicts that the South Korean economic expansion, led by the chip industry, will continue until 2028. (Jin10)